In an action for breach of an obligation for which a third person is answerable over pursuant to this article or article 4 of this title, the defendant may give the third person written notice of the litigation, and the person notified may then give similar notice to any other person who is answerable over. If the notice states (i) that the person notified may come in and defend and (ii) that failure to do so will bind the person notified in an action later brought by the person giving the notice as to any determination of fact common to the two litigations, the person notified is so bound unless after seasonable receipt of the notice the person notified does come in and defend.
Source: L. 94: Entire article R&RE, p. 849, § 1, effective January 1, 1995.
Editor's note: This section is similar to former § 4-3-803 as it existed prior to 1994.
This section is a restatement of former Section 3-803.
Structure Colorado Code
Title 4 - Uniform Commercial Code
Article 3 - Negotiable Instruments
Part 1 - General Provisions and Definitions
§ 4-3-104. Negotiable Instrument
§ 4-3-105. Issue of Instrument
§ 4-3-106. Unconditional Promise or Order
§ 4-3-107. Instrument Payable in Foreign Money
§ 4-3-108. Payable on Demand or at Definite Time
§ 4-3-109. Payable to Bearer or to Order
§ 4-3-110. Identification of Person to Whom Instrument Is Payable
§ 4-3-114. Contradictory Terms of Instrument
§ 4-3-115. Incomplete Instrument
§ 4-3-116. Joint and Several Liability; Contribution
§ 4-3-117. Other Agreements Affecting Instrument